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Privatization and Economic Performance (Hardcover)
Loot Price: R2,631
Discovery Miles 26 310
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Privatization and Economic Performance (Hardcover)
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One of the most enduring legacies of the 1980s has been the
programme of privatizations that the Thatcher government set in
train in the first half of the decade. Whole sectors of the UK
economy which were formerly part of the public sector were sold off
to the private sector. Some were bought out by their employees;
others were bought by the public at large. Some public services
were contracted out to the private sector; others were placed on a
more commercial footing. The UK privatization programme had an
influence on economic policy throughout the world. Programmes were
also initiated in Asia, South America, Africa, Europe, North
America, and, most recently, East and Central Europe. The purpose
of this book, a companion volume to The Regulatory Challenge by the
same editors, is to stand back and examine what has been learnt
from the extensive programme of privatization that the UK
government has completed, and to consider what aspects of
privatization remain to be done. It attempts to evaluate
systematically the privatizations that have been undertaken in
different sectors of the UK economy over the last ten years. It
examines what has happened and why, where the successes and
failures have been, what lessons can be learnt for the design of
privatization programmes elsewhere, and what the UK government can
still usefully do in this area.
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